Apple Inc. $AAPL is Commons Capital LLC’s 3rd Largest Position

Commons Capital LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 19.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,144 shares of the iPhone maker’s stock after selling 7,651 shares during the quarter. Apple accounts for about 4.8% of Commons Capital LLC’s investment portfolio, making the stock its 3rd largest holding. Commons Capital LLC’s holdings in Apple were worth $6,390,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in AAPL. Ryan Investment Management Inc. acquired a new stake in shares of Apple during the second quarter valued at about $31,000. ROSS JOHNSON & Associates LLC lifted its stake in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after acquiring an additional 180 shares in the last quarter. Nexus Investment Management ULC boosted its holdings in Apple by 333.3% in the second quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock valued at $53,000 after purchasing an additional 200 shares during the last quarter. Elite Financial Inc. acquired a new stake in Apple during the 1st quarter valued at approximately $58,000. Finally, LSV Asset Management acquired a new stake in Apple during the 4th quarter valued at approximately $65,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Down 0.2%

Shares of NASDAQ:AAPL opened at $272.41 on Friday. The company’s fifty day moving average is $255.92 and its two-hundred day moving average is $226.84. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $277.32. The stock has a market capitalization of $4.03 trillion, a price-to-earnings ratio of 41.34, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, beating the consensus estimate of $1.74 by $0.11. The business had revenue of $102.47 billion during the quarter, compared to analyst estimates of $101.65 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.64 EPS. Equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio is 13.92%.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 47,125 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total value of $12,101,228.75. Following the sale, the senior vice president directly owned 179,158 shares of the company’s stock, valued at $46,005,982.82. This trade represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevan Parekh sold 4,199 shares of the firm’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $247.39, for a total value of $1,038,790.61. Following the completion of the sale, the chief financial officer owned 8,765 shares in the company, valued at $2,168,373.35. The trade was a 32.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 228,052 shares of company stock worth $58,604,588. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on AAPL shares. Morgan Stanley increased their target price on Apple from $298.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Jefferies Financial Group raised shares of Apple from an “underperform” rating to a “hold” rating and upped their price target for the company from $203.07 to $246.99 in a report on Friday, October 31st. DZ Bank upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $300.00 price objective on the stock in a research note on Tuesday, November 4th. CLSA raised shares of Apple to a “strong-buy” rating in a report on Sunday, October 5th. Finally, The Goldman Sachs Group boosted their target price on shares of Apple from $279.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $278.22.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.